Prices for cold-rolled coil and galvanized steel sheet in the United States have again jumped to all-time highs after producers told customers that they may not be able to sell any spot tons in the first half of the year.
Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $70 per hundredweight ($1,400 per short ton) on Thursday February 25 from $69 per cwt ($1,380 per ton) on February 18. The price has now gained 125.81% from its more than four-year low of $31 per cwt in August 2020.Fastmarkets' price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US jumped to $71 per cwt ($1,420 per ton) on Thursday, from $69.50 per cwt ($1,390 per ton) a week earlier. The assessment now has risen for 29 consecutive weeks, soaring...